Business ReporterZimplow Holdings Limited, the Victoria Falls Stock Exchange – listed agricultural and industrial equipment group, has announced a proposed disposal of one of its Harare properties for a gross consideration of US$3,2 million.The firm is seeking shareholder approval for the transaction, which involves the outright sale of Stand 30001, Dagenham Road, Willowvale Township. The buyer has been identified as the Hailing Family Trust, a trust registered in Zimbabwe.The proposed sale price of US$3,200,000 is significantly higher than the property’s latest fair value estimate of US$2,140,000, presenting a substantial return for the Group. The successful completion of the deal is expected to generate a profit on disposal of US$680 000, which will boost the company’s Net Asset Value (NAV).The board has adopted the resolution on the basis that the Dagenham Road facility is a non-core asset.
The sale is part of a broader corporate strategy to enhance capital efficiency and liquidity.In an abridged circular to shareholders, the company stated that the disposal aligns with its objective to rebalance its asset base, concentrating resources on “strategically aligned and operationally productive assets”. The cash proceeds are earmarked to fund working capital, improve the Group’s balance sheet strength and reduce debt.The completion of the Proposed Transaction is conditional upon the passing of the requisite resolution by Zimplow shareholders. An Extraordinary General Meeting (EGM) has been called for Thursday, December 11, 2025, at the company’s head offices in Msasa, Harare, to vote on the matter.The buyer, the Hailing Family Trust, is registered under Notarial Deed Number MA 2417/2024 and is established under the trusteeship of Qiaoling Liu and Haitang Lu.
Payment of the full purchase price is to be effected per the provisions of the Agreement of Sale. Upon completion, the Dagenham immovable property will cease to form part of Zimplow’s operations or asset base.Zimplow Holdings Limited is listed on the Victoria Falls Stock Exchange (VFEX). Zimplow Holdings Limited, the Victoria Falls Stock Exchange – listed agricultural and industrial equipment group, has announced a proposed disposal of one of its Harare properties for a gross consideration of US$3,2 million.
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The firm is seeking shareholder approval for the transaction, which involves the outright sale of Stand 30001, Dagenham Road, Willowvale Township. The buyer has been identified as the Hailing Family Trust, a trust registered in Zimbabwe. The proposed sale price of US$3,200,000 is significantly higher than the property’s latest fair value estimate of US$2,140,000, presenting a substantial return for the Group.
The successful completion of the deal is expected to generate a profit on disposal of US$680 000, which will boost the company’s Net Asset Value (NAV). The board has adopted the resolution on the basis that the Dagenham Road facility is a non-core asset. The sale is part of a broader corporate strategy to enhance capital efficiency and liquidity.
In an abridged circular to shareholders, the company stated that the disposal aligns with its objective to rebalance its asset base, concentrating resources on “strategically aligned and operationally productive assets”. The cash proceeds are earmarked to fund working capital, improve the Group’s balance sheet strength and reduce debt. The completion of the Proposed Transaction is conditional upon the passing of the requisite resolution by Zimplow shareholders.
An Extraordinary General Meeting (EGM) has been called for Thursday, December 11, 2025, at the company’s head offices in Msasa, Harare, to vote on the matter. The buyer, the Hailing Family Trust, is registered under Notarial Deed Number MA 2417/2024 and is established under the trusteeship of Qiaoling Liu and Haitang Lu. Upon completion, the Dagenham immovable property will cease to form part of Zimplow’s operations or asset base. Zimplow Holdings Limited is listed on the Victoria Falls Stock Exchange (VFEX).
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